Actuarial Analyst

Job Description

  
We are Farmers! 
  
Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world. Start your career at Farmers today! 
  
Job Summary 
  
Prepares actuarial analysis of rates and rating plans for assigned lines of insurance. 
  
Essential Job Functions 
  
  • Develops and prepares actuarial analysis of rates and rating plans for assigned lines of insurance; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
  • Prepares correspondence and required exhibits in connection with regulatory filings, including necessary follow-up when such filings are questioned, challenged or otherwise not promptly approved as submitted.
  • Assists in the training and development of professional actuarial personnel as assigned.
  • Performs special actuarial projects as assigned.
  • Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for assigned lines of insurance.
  • Performs other functions as assigned. 
  
Physical Actions 
  
Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum. Functional ability of seeing, hearing, and speaking is required. 
  
Physical Environment 
  
Required job duties are normally performed in a climate controlled office environment, with occasional travel by car or airplane. 
  
Education Requirements 
  
  • High school diploma or equivalent required. Bachelor’s degree preferred with at least a minor in mathematics, and passed at least two Casualty Actuarial Society exams.
  • Continue educational development in related job field. 
  
Experience Requirements 
  
One year as an Actuarial Assistant. 
  
Special Skill Requirement 


  • Computer programming aptitude, ideally with VBA and SQL experience.
  • Working knowledge of statistical tools (SAS, R, Python, etc.) for data handling and model development, and experience with large data sets (1 million + records) is strongly preferred.
  • Disposition for data detective work a plus.
  • Good communication skills, including the ability to express complicated technical concepts verbally and in writing to a variety of audiences.
  • Experience working independently and with others in a team environment.
  • Ability to adapt to new or changing direction.
  • Motivated and self-directed - will seek out answers rather than waiting to be told what to do.

Farmers is an equal opportunity employer, committed to the strength of a diverse workforce. 

Schedule: Full-time

Job Posting: 03/19/2019